Hampden & Co, an independent bank which opened in June 2015 to offer private banking facilities, has won a contract to look after the banking requirements of over 1,200 HNW clients in relation to their Lloyd’s insurance underwriting.
The business, which initially consists of £80m of balances, has been transferred from the Bank of Butterfield to Hampden & Co. The Bank of Butterfield recently withdrew from the UK private banking market and the contract was awarded after a selection process. The clients required a private banking partner that could provide a high level of personal service and also one that could handle their diverse financial arrangements.
Chief Executive of Hampden & Co Graeme Hartop (pictured above) said: “This is a great reflection of the confidence in our service, and a significant business opportunity for us which advances our deposits and client numbers well ahead of projections. The UK Private banking market is very competitive and to have our traditional high quality service recognised in this way is tremendous.”
Hampden & Co has offices in London and Edinburgh, and is chaired by Ray Entwistle, the former CEO and Chairman of Adam & Co.
